Realty Income Corporation (NYSE:O) – Research analysts at B. Riley reduced their Q1 2018 earnings per share estimates for shares of Realty Income in a report released on Monday. B. Riley analyst D. Corak now anticipates that the real estate investment trust will post earnings per share of $0.77 for the quarter, down from their prior forecast of $0.78. B. Riley currently has a “Hold” rating and a $56.00 target price on the stock. B. Riley also issued estimates for Realty Income’s Q4 2018 earnings at $0.79 EPS, FY2018 earnings at $3.15 EPS, Q2 2019 earnings at $0.79 EPS and Q3 2019 earnings at $0.79 EPS.

Realty Income (NYSE:O) last posted its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.01. The firm had revenue of $306.90 million during the quarter, compared to analysts’ expectations of $292.73 million. Realty Income had a net margin of 29.37% and a return on equity of 5.11%. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the company posted $0.72 EPS.

Other equities analysts have also recently issued research reports about the stock. Vetr raised shares of Realty Income from a “hold” rating to a “buy” rating and set a $58.60 price target for the company in a research report on Thursday, October 19th. FBR & Co set a $56.00 target price on shares of Realty Income and gave the company a “hold” rating in a report on Thursday, October 26th. Capital One Financial reaffirmed an “equal weight” rating on shares of Realty Income in a report on Wednesday, October 25th. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Realty Income in a report on Thursday, October 26th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $65.00 target price on shares of Realty Income in a report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $64.09.

Shares of Realty Income (NYSE:O) traded down $0.01 during mid-day trading on Tuesday, reaching $55.21. 90,214 shares of the company’s stock traded hands, compared to its average volume of 1,753,224. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.26 and a quick ratio of 1.26. Realty Income has a 52 week low of $52.85 and a 52 week high of $63.60. The stock has a market cap of $15,594.00, a PE ratio of 18.08, a PEG ratio of 4.54 and a beta of 0.29.

Several large investors have recently bought and sold shares of the company. ING Groep NV bought a new position in shares of Realty Income in the second quarter valued at approximately $219,000. Public Employees Retirement Association of Colorado boosted its position in shares of Realty Income by 0.7% during the second quarter. Public Employees Retirement Association of Colorado now owns 56,541 shares of the real estate investment trust’s stock valued at $3,120,000 after buying an additional 414 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Realty Income by 3.5% during the second quarter. Great West Life Assurance Co. Can now owns 224,936 shares of the real estate investment trust’s stock valued at $12,394,000 after buying an additional 7,504 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of Realty Income by 42.1% during the second quarter. Bessemer Group Inc. now owns 2,200 shares of the real estate investment trust’s stock valued at $121,000 after buying an additional 652 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. boosted its position in shares of Realty Income by 13.4% during the second quarter. Candriam Luxembourg S.C.A. now owns 21,219 shares of the real estate investment trust’s stock valued at $1,171,000 after buying an additional 2,500 shares during the last quarter. 70.04% of the stock is owned by institutional investors and hedge funds.

In other Realty Income news, CFO Paul M. Meurer sold 5,603 shares of Realty Income stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $54.75, for a total transaction of $306,764.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Joel Tomlinson sold 1,746 shares of Realty Income stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $56.45, for a total transaction of $98,561.70. Following the transaction, the senior vice president now owns 14,913 shares of the company’s stock, valued at approximately $841,838.85. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,549 shares of company stock valued at $593,646. 0.30% of the stock is currently owned by company insiders.

The business also recently disclosed a dec 17 dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.212 per share. This represents a yield of 4.49%. The ex-dividend date is Thursday, November 30th. Realty Income’s dividend payout ratio is currently 208.20%.

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About Realty Income

Realty Income Corporation is a real estate investment trust (REIT). The Company is engaged in in-house acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting, information technology and capital markets capabilities. As of December 31, 2016, the Company owned a diversified portfolio of 4,944 properties located in 49 states and Puerto Rico, with over 83.0 million square feet of leasable space leased to 248 different commercial tenants doing business in 47 separate industries.

Earnings History and Estimates for Realty Income (NYSE:O)

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